CONTINGENT ASSIGNMENT OF SUBCONTRACTS. Each subcontract and supply agreement for a portion of the Work covered by this Agreement are assigned by the Developer to the Owner, provided such assignment shall be effective if, and only if, the Agreement is terminated pursuant to Section 9.2, and then only with respect to those subcontract and supply agreements which the Owner accepts by notifying the subcontractor in writing. The Owner’s election to accept such an assignment shall not relieve the Developer of any liability to the subcontractor or supplier incurred prior to the date of the assignment, and the Owner shall not be responsible for any such pre-assignment liability.
Appears in 4 contracts
Samples: Parking Operating Agreement, Stadium License Agreement, Parking Operating Agreement
